Zee Media board to consider promoter proposal for further investment in company

Zee-Entertainment

Zee Media Corporation share price added over 2 percent on November 10 after company received a proposal from a promoter group entity for the further investment in the company.

A meeting of the board of directors of the company is scheduled to be held on November 12, 2021, to consider, approve and take on record un-audited financial results of the company for the second quarter (Q2) and six months period ended September 30, 2021 of the Financial Year 2021-2022, company said in the release.

The company has received the proposal from a promoter group entity dated November 9, 2021 for further investment in the company.

The board of directors of the company at their meeting scheduled to be held on November 12, 2021, shall also be considering the proposal to issue equity shares or equity linked securities I warrants convertible into equity shares of the company.

News Source: Moneycontrol

 

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